3. Risk Management The risk management is carried out by firms before they go to buy insurance. The purpose is to reduce the risks exposure. I. Risk Management Staff Head: a manager with overall responsibility Insurance expert Claims manager Loss control engineer Financial analyst ecialist Employee benefits3. Risk Management The risk management is carried out by firms before they go to buy insurance. The purpose is to reduce the risks exposure. I. Risk Management Staff ▪ Head: a manager with overall responsibility ▪ Insurance expert ▪ Claims manager ▪ Loss control engineer ▪ Employee benefits specialist ▪ Financial analyst